TY - BOOK ID - 30703112 TI - Household portfolios AU - Guiso, Luigi AU - Haliassos, Michael AU - Jappelli, Tullio PY - 2002 SN - 0262274515 0585436851 026229205X 9780262274517 9780585436852 9780262292054 PB - Cambridge, Mass. MIT Press DB - UniCat KW - Portfolio management KW - Capital assets pricing model KW - Saving and investment KW - Finance KW - Business & Economics KW - Investment & Speculation KW - Capital asset pricing model KW - CAPM (Capital assets pricing model) KW - Pricing model, Capital assets KW - Capital KW - Investments KW - Mathematical models KW - ECONOMICS/Finance KW - ECONOMICS/Microeconomics UR - https://www.unicat.be/uniCat?func=search&query=sysid:30703112 AB - Theoretical and empirical analysis of the structure of household portfolios.Until recently, researchers in economics and finance paid relatively little attention to household portfolios. Reasons included the tendency of most households to hold simple portfolios, the inability of the dominant asset pricing models to account for household portfolio incompleteness, and the lack of detailed databases on household portfolios in many countries until the late 1980s or 1990s. Now, however, the analysis of household portfolios is emerging as a field of vigorous study.The eleven chapters in this collection provide an overview of current theoretical knowledge about the structure of household portfolios and compare predictions with empirical findings. The book describes the state-of-the-art tools of analytical, computational, and econometric investigation, as well as some of the key policy questions. It provides an original comparative analysis of household portfolios in countries for which detailed household-level data are available (the United States, the United Kingdom, Italy, Germany, and the Netherlands). Finally, it uses microdata for an in-depth study of the portfolio composition of population groups of special policy interest, such as the young, the elderly, and the rich. ER -